Craig Gracey Sells 2,083 Shares of Omada Health (NASDAQ:OMDA) Stock

Omada Health, Inc. (NASDAQ:OMDA) CAO Craig Gracey sold 2,083 shares of Omada Health stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $19.01, for a total transaction of $39,597.83. Following the completion of the transaction, the chief accounting officer directly owned 5,025 shares in the company, valued at $95,525.25. This trade represents a 29.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Craig Gracey also recently made the following trade(s):

• On Monday, June 22nd, Craig Gracey sold 2,083 shares of Omada Health stock. The shares were sold at an average price of $18.00, for a total value of $37,494.00.
• On Friday, June 12th, Craig Gracey sold 6,894 shares of Omada Health stock. The shares were sold at an average price of $17.42, for a total value of $120,093.48.

Omada Health Stock Performance

Omada Health stock opened at $20.89 on Friday. The stock has a fifty day moving average of $16.51 and a 200-day moving average of $14.85. The stock has a market capitalization of $1.24 billion and a P/E ratio of -77.37. Omada Health, Inc. has a 52 week low of $10.28 and a 52 week high of $26.92.

Omada Health (NASDAQ:OMDA) last issued its earnings results on Thursday, May 7th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $78.05 million during the quarter. Omada Health had a negative return on equity of 1.82% and a negative net margin of 2.22%. On average, research analysts forecast that Omada Health, Inc. will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OMDA. Quarry LP bought a new stake in shares of Omada Health in the 4th quarter valued at $29,000. TD Waterhouse Canada Inc. bought a new position in Omada Health during the fourth quarter worth $32,000. Raymond James Financial Inc. acquired a new position in Omada Health in the second quarter valued at $32,000. Inlight Wealth Management LLC bought a new stake in Omada Health during the fourth quarter valued at $45,000. Finally, Strs Ohio boosted its position in Omada Health by 151.0% during the fourth quarter. Strs Ohio now owns 4,267 shares of the company’s stock valued at $67,000 after acquiring an additional 2,567 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Omada Health in a report on Friday, May 8th. Wells Fargo & Company lifted their price target on Omada Health from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Omada Health from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley reiterated an “overweight” rating and set a $30.00 price target on shares of Omada Health in a report on Monday, June 22nd. Finally, Weiss Ratings raised Omada Health from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.91.

Omada Health Company Profile

Omada Health is a digital health company that specializes in the prevention and management of chronic conditions through personalized, technology-driven programs. The company’s platform combines data analytics, behavioral science and human coaching to support individuals at risk for or living with conditions such as prediabetes, type 2 diabetes, hypertension and musculoskeletal disorders. Participants access the program via a mobile app or web portal, where they receive tailored curriculum, feedback on health metrics and ongoing virtual coaching.

In addition to its core disease-management offerings, Omada Health has expanded its services to include mental health support and digital therapeutics for weight management.